MODULE CODE BEE3053 MODULE LEVEL 3 MODULE TITLE ...

MODULE CODE BEE3053 MODULE LEVEL 3
MODULE TITLE Economic Growth
LECTURER(S) John Maloney
CREDIT VALUE 15 ECTS VALUE 7.5
PRE-REQUISITES BEE2016 and BEE2018, or BEE2024, or BEE2022 and BEE2023
CO-REQUISITES None
DURATION OF MODULE 1 Semester
TOTAL STUDENT STUDY TIME 150 hours, comprising 1 two-hour lecture a week. 1 one-hour
tutorial every two weeks, the rest in private study
AIMS
World poverty is the most important economic issue of our age, and no economics student should be
without an understanding of its causes, and the role of economic growth and freer (or less free) trade in
lifting people out of it. The module embraces a wide range of issues. These include the theory of
economic growth, the actual growth experience (if any) of developing countries, the relation between free
trade and growth, the reasons for and effects of foreign direct investment, the economics and politics of
overseas aid and third world debt, and the role of the international development and monetary institutions.
INTENDED LEARNING OUTCOMES (ILOs)
On successful completion of this module, students should be able to:
Module Specific Skills:
1. understand why some countries are so much richer than others
2. propose remedies for world poverty and evaluate the contributions of overall economic growth
and freer trade in overcoming it
3. explore the multiplicity of fallacies on the subject perpetrated by the economically illiterate
4. use econometrics to trace the links between trade, poverty, growth and political institutions
Discipline Specific Skills:
5. apply economic theory to contemporary world problems, and be able to judge which theories to
try to apply
Personal and Key Skills:
6. speak to an audience
7. write in good English
8. think logically
LEARNING/TEACHING METHODS
Details of Learning and Teaching Methods:
1 two-hour lecture a week. 1 one-hour tutorial every two weeks
ASSIGNMENTS & ASSESSMENTS
Formative or %
Contribution:
Form of
Assessment:
Size of the
assessment e.g.
duration/length
ILOs assessed
by this
assessment:
Feedback method:
Formative Assignment 2500 words 1-5, 7, 8 Written comments on
essay
Formative 2 Presentations 15 minutes each 1-8 Verbal comments at
end of seminar
100% Examination 2 hours 1-5, 7, 8 Individual written or
verbal feedback to
student (if requested)
SYLLABUS PLAN
The following topics will be covered:

Neoclassical growth theory
Endogenous growth theory
Is trade good for growth?
Does trade relieve poverty?
Foreign direct investment and its distribution
Capital mobility and the developing countries
The economics of overseas aid.
Third world debt
The role of the World Bank and the IMF
Global capitalism: an overview
Conclusion: Why are some countries rich and other poor?
INDICATIVE LEARNING RESOURCES
Indicative basic reading list:
Weil, D. (2009) Economic Growth, 2 nd edition, Pearson/Addison Wesley
DATE OF LAST REVISION JM February 2011